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College Ave Graduate Student Loan Review
Graduate Student Loans
Rewards: Auto-Debit Discount and Graduation Reward
Yearly Loan Limits: Covers up to 100% of your Cost of Attendance
Overall Loan Limits: $1,000 (minimum), does not publish aggregate limit
Cosigner Terms: Cosigner is optional, allows for cosigner release after 24 on-time monthly payments
Rewards: Auto-Debit Discount and Graduation Reward
Yearly Loan Limits: Covers up to 100% of your Cost of Attendance
Overall Loan Limits: $1,000 (minimum), does not publish aggregate limit
Cosigner Terms: Cosigner is optional, allows for cosigner release after 24 on-time monthly payments
The bottom line
We rank College Ave’s graduate student loans highly for their flexible repayment options and below-average costs. If you accrue unpaid interest on their loans, however, they’ll capitalize that interest monthly.
Pros- Can borrow up to the full cost of attendance
- Provides an auto-debit discount and graduation reward
- Offers 5-year and 8-year repayment terms (among others)
Cons- Capitalizes interest monthly
- They charge a fee on late payments
- Requires that you maintain Satisfactory Academic Progress
Loan comparison
Full review
We rate College Ave's graduate student loans as one of the best. Their interest rates are lower than average, they allow you to borrow up to the full cost of attendance at your school, and they offer some pretty attractive repayment options, including 5-year and 8-year repayment terms. And when you graduate, they’ll give you a $150 credit on your statement balance!
Their credit requirements are not as strict as other lenders we review, allowing borrowers with a weaker credit history the opportunity to qualify for a graduate student loan. College Ave customer service is also quite good. If you have questions after a long day of work, you can chat with their US-based call center that’s available on weekday evenings.
College Ave graduate student loans do, like other lenders, have some downsides. Should you miss a payment, they will charge you a late fee. And if interest accrues but is unpaid during a forbearance, it will be capitalized monthly. That means you’ll be paying interest on interest. And they’ll only lend to you if you maintain Satisfactory Academic Progress, so keep those grades up.
College Ave - Graduate Student Loans
Other loans that College Ave offers:
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